Welcome to our dedicated page for VinFast Auto news (Ticker: VFS), a resource for investors and traders seeking the latest updates and insights on VinFast Auto stock.
VinFast Auto (VFS) is a vertically integrated electric vehicle innovator producing premium EVs, e-scooters, and sustainable mobility solutions. This news hub provides investors and industry observers with timely updates on the company’s strategic developments and market positioning.
Track official press releases covering quarterly earnings, new product launches, manufacturing milestones, and global expansion efforts. Our curated collection serves as a comprehensive resource for understanding VinFast’s evolving role in the competitive EV landscape, from its Vietnam headquarters to international markets in North America and Europe.
Discover updates across three core business segments: electric vehicle production, urban e-scooter solutions, and aftermarket support services. Stay informed about technological advancements in battery systems, smart vehicle features, and sustainability initiatives that define the company’s growth trajectory.
Bookmark this page for direct access to VinFast’s latest corporate announcements, partnership disclosures, and operational updates. Check regularly for verified information about this dynamic player in the global transition to electric transportation.
VinFast (NYSE:VFS) released a marketing-focused press release highlighting how Americans view their cars as family members, using this insight to position their VF 8 electric vehicle in the U.S. market. According to a survey, 51% of car owners consider their vehicles part of their family, with many giving them names and regularly talking to them.
The VF 8 is offered at a starting MSRP of $39,900 for the Eco trim and $44,900 for the Plus trim, with leasing options starting at $269 per month. The vehicle comes with a 10-year/125,000-mile warranty and includes features such as a 15.6-inch infotainment screen, advanced driver assistance systems, and premium vegan leather upholstery in the Plus version.
VinFast has announced its return to the Montreal Electric Vehicle Show (MEVS) 2025, scheduled for May 2-4, 2025, at booth #364, IGA Stadium. The company will showcase its complete electric SUV lineup, including the subcompact VF 6, compact VF 7, midsize VF 8, and full-size VF 9.
Visitors will have the opportunity to test drive the flagship models VF 8 and VF 9. The VF 8 features dual electric motors producing 402 horsepower, 620 Nm torque, and an EPA range of up to 412 km. The VF 9, a luxury SUV, offers 402 horsepower, an EPA range of up to 531 km, and flexible 6- or 7-seat configurations.
Beyond North America, VinFast is expanding into Indonesia, the Philippines, India, and the Middle East, with new EV plants under development in Indonesia and India. The company has already established market leadership in Vietnam.
VinFast Auto (Nasdaq: VFS) reported strong Q4 and full-year 2024 results, with significant growth in EV deliveries. Q4 EV deliveries reached 53,139 units (+143% QoQ), while full-year deliveries hit 97,399 units (+192% YoY). Total revenue for 2024 was US$1.81 billion, up 57.9% from 2023.
However, the company recorded a gross loss of US$1.04 billion and a net loss of US$3.18 billion for 2024. The Q4 gross margin was impacted by a one-time US$242.5 million charge related to a free charging program. To support expansion, founder Pham Nhat Vuong provided US$410.9 million in non-refundable grants, part of a larger US$2.1 billion commitment.
VinFast is expanding globally with dealer networks in Indonesia (22 stores), Philippines (6 stores), and US (38 dealers in 16 states). The company plans to transition to a full dealer franchise model in the US. For 2025, VinFast targets to at least double its global vehicle deliveries while focusing on operational optimization and market presence expansion.